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easyJet (easyJet) Receivables Turnover : 23.05 (As of Sep. 2023)


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What is easyJet Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. easyJet's Revenue for the six months ended in Sep. 2023 was $6,785 Mil. easyJet's average Accounts Receivable for the six months ended in Sep. 2023 was $294 Mil. Hence, easyJet's Receivables Turnover for the six months ended in Sep. 2023 was 23.05.


easyJet Receivables Turnover Historical Data

The historical data trend for easyJet's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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easyJet Receivables Turnover Chart

easyJet Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.07 64.38 47.82 88.50 90.56

easyJet Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.46 7.85 18.26 12.09 23.05

Competitive Comparison of easyJet's Receivables Turnover

For the Airlines subindustry, easyJet's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


easyJet's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, easyJet's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where easyJet's Receivables Turnover falls into.



easyJet Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

easyJet's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=10112.624 / ((87.203 + 136.139) / 2 )
=10112.624 / 111.671
=90.56

easyJet's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=6784.653 / ((452.67 + 136.139) / 2 )
=6784.653 / 294.4045
=23.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


easyJet  (OTCPK:EJTTF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


easyJet Receivables Turnover Related Terms

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easyJet (easyJet) Business Description

Traded in Other Exchanges
Address
Hangar 89, London Luton Airport, Luton, Bedfordshire, GBR, LU2 9PF
easyJet PLC is a European low-cost carrier with a focus on Western European markets. The company employs a low-cost no-frills model to offer low fares to customers on short-haul routes. Its operating segment includes Airline that operates easyJet's route network and Holidays that sells holiday packages. It generates maximum revenue from the Airline segment. Geographically, it derives a majority of its revenue from the United Kingdom.

easyJet (easyJet) Headlines

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